3,500 Shares in EPAM Systems, Inc. (NYSE:EPAM) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,500 shares of the information technology services provider's stock, valued at approximately $1,041,000.

Several other hedge funds also recently made changes to their positions in EPAM. CWM LLC increased its holdings in shares of EPAM Systems by 10.1% in the 3rd quarter. CWM LLC now owns 1,436 shares of the information technology services provider's stock valued at $367,000 after acquiring an additional 132 shares during the period. IFP Advisors Inc acquired a new position in EPAM Systems in the third quarter valued at $87,000. Summit Global Investments purchased a new stake in shares of EPAM Systems in the third quarter valued at about $206,000. Exchange Traded Concepts LLC boosted its stake in shares of EPAM Systems by 46.6% during the third quarter. Exchange Traded Concepts LLC now owns 214 shares of the information technology services provider's stock worth $55,000 after buying an additional 68 shares during the period. Finally, Oak Thistle LLC purchased a new position in shares of EPAM Systems during the third quarter worth about $1,145,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

Insiders Place Their Bets

In related news, EVP Balazs Fejes sold 3,470 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $301.93, for a total value of $1,047,697.10. Following the completion of the sale, the executive vice president now directly owns 13,334 shares in the company, valued at $4,025,934.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Balazs Fejes sold 3,470 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $301.93, for a total value of $1,047,697.10. Following the transaction, the executive vice president now directly owns 13,334 shares of the company's stock, valued at approximately $4,025,934.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Sergey Yezhkov sold 8,000 shares of the business's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.04, for a total value of $2,416,320.00. Following the sale, the senior vice president now directly owns 12,770 shares of the company's stock, valued at approximately $3,857,050.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,820 shares of company stock valued at $5,101,117. Insiders own 4.30% of the company's stock.

EPAM Systems Price Performance

NYSE:EPAM traded down $7.87 during trading hours on Thursday, reaching $237.13. 1,480,717 shares of the company traded hands, compared to its average volume of 505,373. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.79 and a quick ratio of 4.79. The firm's 50-day moving average is $283.71 and its 200-day moving average is $273.69. The stock has a market cap of $13.75 billion, a P/E ratio of 33.59, a P/E/G ratio of 10.81 and a beta of 1.43. EPAM Systems, Inc. has a 1-year low of $197.99 and a 1-year high of $317.50.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.24. The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.14 billion. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the company earned $2.71 EPS. Equities research analysts expect that EPAM Systems, Inc. will post 7.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EPAM has been the subject of several analyst reports. Barclays upped their price objective on EPAM Systems from $305.00 to $315.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. upped their price objective on shares of EPAM Systems from $315.00 to $334.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 14th. Piper Sandler reaffirmed an "overweight" rating and issued a $369.00 target price on shares of EPAM Systems in a report on Monday, March 4th. Scotiabank upgraded shares of EPAM Systems from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $265.00 to $350.00 in a research report on Friday, February 16th. Finally, Guggenheim began coverage on EPAM Systems in a research note on Tuesday, March 19th. They set a "buy" rating and a $350.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $328.00.

EPAM Systems Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.